Monday, November 13, 2023

DBS Group (Update) - Dropping more than its dividend of 48 cents doesnt look good!

This morning Gap down plus dropping more than its dividend of 48 cents doesn't look good!

If 32.38 cannot hold,  she may likely go down to test 31.24 than 30.24 - 30.51.

Pls dyodd.

 dividend of 48 cents.

Ex.dividend 14th November. 

I think likely to go further down to test 32.65 than 32.35/32.00.

Not a call to buy or sell!

Pls dyodd.

  Chart wise, looks like the fund are selling judging from the bearish price patterns! 

A long a bearish candlestick plus high volume likely to see further weakness! 

Short term wise,   I think likely to go down to test 33.00 than 32.65 and 32.35 / 32.00.

Pls dyodd. 

 DBS Group reported net profit of S$2.59 billion for the third quarter ended September, 16 per cent higher than earnings of S$2.24 billion.

NIM is up . Net Fee income also up.

9 month Net profit is up 35% to 7.89b.

ROE is 18.6%.

A beautiful sets of financial numbers!

Declared interim dividend of 48 cents. 

XD 14 Nov.

Not a call to buy or sell!

Pls dyodd. 

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